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State of the UK Economy (November 2016)

Geoff Riley

21st November 2016

This is a sixty-slide revision presentation on the state of the UK economy five months on from the June 23rd Brexit vote.

State of the UK Economy (November 2016)


  • Post-Brexit impact yet to fully materialize in the macro data
  • Inflation is back with rising commodity prices and a weaker currency since June 2016
  • Labour market performance remains strong
  • But scale of UK current account deficit is a problem
  • Structural weaknesses on the UK supply-side are unlikely to be resolved soon despite renewed focus on infrastructure and industrial policy in the new May/Hammond government
  • Productivity and skills gaps hurt UK competitiveness
  • Risk is that Brexit will lower the UK’s trend growth rate if the economy is not “match-fit” post 2019
  • Lots of external uncertainties as we head into 2017
State of the UK economy (November 2016)

Geoff Riley

Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

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